Halliburton (NYSE:HAL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Halliburton (NYSE:HAL) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,974 shares of the oilfield services company’s stock after selling 4,516 shares during the period. Yousif Capital Management LLC’s holdings in Halliburton were worth $4,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC raised its holdings in shares of Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Halliburton in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new stake in Halliburton during the fourth quarter worth about $37,000. Stone House Investment Management LLC purchased a new position in Halliburton during the fourth quarter valued at approximately $38,000. Finally, Farmers & Merchants Investments Inc. lifted its holdings in Halliburton by 27.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after acquiring an additional 296 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

HAL opened at $38.54 on Friday. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The firm has a market capitalization of $34.12 billion, a PE ratio of 13.34, a PEG ratio of 1.00 and a beta of 2.00. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average price is $37.88 and its 200 day moving average price is $37.39.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the business earned $0.72 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Halliburton will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HAL shares. Benchmark reaffirmed a “buy” rating and set a $45.00 target price on shares of Halliburton in a report on Wednesday. Raymond James lowered their target price on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Citigroup raised their target price on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays lowered their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Finally, TD Cowen boosted their price objective on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Halliburton presently has an average rating of “Buy” and an average target price of $48.82.

Insider Buying and Selling at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.